AUDIOBOOM GROUP PLC

Director's Dealing • Apr 20, 2023

National Storage Mechanism | Additional information

RNS Number : 9261W

Audioboom Group PLC

20 April 2023

20 April 2023

Audioboom Group plc

("Audioboom" or the "Company")

Grant of share options

The Board ("Board") of Audioboom (AIM: BOOM), the leading global podcast company, announces that it has today granted the following options to subscribe for new ordinary shares in the Company ("Options") to certain of its directors:

Director	Position	Options granted	Exercise price*	Total options now held
Stuart Last	Chief Executive Officer	60,000	£3.61	372,000
Brad Clarke	Chief Financial Officer	60,000	£3.61	330,000

*derived from the latest 5 day volume weighted average price (VWAP) for an ordinary share

The grants have been made pursuant to the Company's share option scheme which was adopted on 19 May 2014 (the "Scheme").  The Options may vest and become exercisable over a three-year period, subject to the satisfaction of performance conditions relating to how the Company performs by reference to its internal budgets and external market expectations in each of the financial periods ending 31 December 2023, 31 December 2024 and 31 December 2025.  They may also vest in certain other prescribed circumstances as provided for in the terms of the Scheme.

Following the above grant of Options, the Company has a total of 1,668,054 options to subscribe for new ordinary shares in the Company outstanding, which represents approximately 10.2 per cent. of the Company's issued share capital.

The FCA notifications in respect of the above Option grants, made in accordance with the requirements of the UK Market Abuse Regulation, are appended below.

Enquiries

Audioboom Group plc
Michael Tobin, Chairman Stuart Last, Chief Executive Officer Brad Clarke, Chief Financial Officer	Tel: +44(0)20 3714 4285
finnCap Ltd (Nominated Adviser and Broker)
Jonny Franklin-Adams/Abigail Kelly/Milesh Hindocha (Corporate Finance) Charlotte Sutcliffe/Harriet Ward (ECM)	Tel: +44(0)20 7220 0500

About Audioboom

Audioboom is a global leader in podcasting - our shows are downloaded more than 130 million times each month by 38 million unique listeners around the world. Audioboom is ranked as the fourth largest podcast publisher in the US by Edison Research.

Audioboom's ad-tech and monetisation platform underpins a scalable content business that provides commercial services for more than 8,000 podcasts, with key partners including 'Casefile True Crime' (US), 'True Crime Obsessed' (US), 'The Tim Dillon Show' (US), 'No Such Thing As A Fish' (UK), and 'The Cycling Podcast' (UK).

Audioboom Studios is home to a slate of content developed and produced by Audioboom, including 'Dark Air with Terry Carnation', 'F1: Beyond The Grid', 'RELAX!', 'Covert', 'It's Happening with Snooki & Joey', 'Mafia', 'Huddled Masses' and 'What Makes A Killer'.

Audioboom operates internationally, with operations and global partnerships across North America, Europe, Asia and Australia. The platform allows content to be distributed via Apple Podcasts, Spotify, Pandora, Amazon Music, Deezer, Google Podcasts, iHeartRadio, RadioPublic, Saavn, Stitcher, Facebook and Twitter as well as a partner's own websites and mobile apps. 

For more information, visit audioboom.com.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1.               

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Stuart Last

2.               

Reason for the Notification

a)

Position/status

Chief Executive Officer

b)

Initial notification/Amendment

Initial notification

3.    

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Audioboom Group plc

b)

LEI

213800QO681575J97813

4.    

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the Financial instrument, type of instrument

Options to subscribe for Ordinary Shares of no par value

Identification code

ISIN: JE00BJYJFG60

b)

Nature of the transaction

Grant of options to subscribe for Ordinary Shares of no par value

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Exercise price of £3.61 per share	60,000

d)

Aggregated information:

·Aggregated volume

·Price

N/A

e)

Date of the transaction

20 April 2023

f)

Place of the transaction

Outside a trading venue

1.               

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Brad Clarke

2.               

Reason for the Notification

a)

Position/status

Chief Financial Officer

b)

Initial notification/Amendment

Initial notification

3.    

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Audioboom Group plc

b)

LEI

213800QO681575J97813

4.    

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the Financial instrument, type of instrument

Options to subscribe for Ordinary Shares of no par value

Identification code

ISIN: JE00BJYJFG60

b)

Nature of the transaction

Grant of options to subscribe for Ordinary Shares of no par value

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Exercise price of £3.61 per share	60,000

d)

Aggregated information:

·Aggregated volume

·Price

N/A

e)

Date of the transaction

20 April 2023

f)

Place of the transaction

Outside a trading venue

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